Applied Optoelectronics Inc (AAOI) Expected to Announce Earnings of $0.95 Per Share

Analysts expect Applied Optoelectronics Inc (NASDAQ:AAOI) to announce earnings of $0.95 per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Applied Optoelectronics’ earnings, with estimates ranging from $0.91 to $0.96. Applied Optoelectronics reported earnings per share of ($0.08) in the same quarter last year, which suggests a positive year-over-year growth rate of 1,287.5%. The firm is scheduled to report its next quarterly earnings results after the market closes on Thursday, May 4th.

On average, analysts expect that Applied Optoelectronics will report full year earnings of $3.76 per share for the current fiscal year, with EPS estimates ranging from $3.66 to $3.87. For the next financial year, analysts expect that the firm will report earnings of $4.05 per share, with EPS estimates ranging from $3.66 to $4.45. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Applied Optoelectronics.

Applied Optoelectronics (NASDAQ:AAOI) last released its quarterly earnings data on Thursday, February 23rd. The semiconductor company reported $0.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.05. The company had revenue of $84.90 million for the quarter, compared to analyst estimates of $84.59 million. Applied Optoelectronics had a return on equity of 5.87% and a net margin of 8.61%. The firm’s revenue for the quarter was up 60.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 earnings per share.

A number of brokerages recently weighed in on AAOI. Vertical Research reiterated a “sell” rating on shares of Applied Optoelectronics in a report on Thursday, March 30th. Craig Hallum reiterated a “buy” rating and issued a $53.00 target price (up previously from $39.00) on shares of Applied Optoelectronics in a report on Monday, February 27th. Finally, Cowen and Company lifted their target price on Applied Optoelectronics from $66.00 to $75.00 and gave the company an “outperform” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Applied Optoelectronics has a consensus rating of “Buy” and an average target price of $40.80.

In related news, Director Richard B. Black sold 1,000 shares of Applied Optoelectronics stock in a transaction on Thursday, April 6th. The stock was sold at an average price of $44.76, for a total value of $44,760.00. Following the transaction, the director now owns 42,242 shares in the company, valued at $1,890,751.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.19% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Private Advisory Group LLC bought a new position in Applied Optoelectronics during the fourth quarter valued at approximately $215,000. Russell Investments Group Ltd. bought a new position in Applied Optoelectronics during the fourth quarter valued at approximately $2,293,000. Verition Fund Management LLC raised its position in Applied Optoelectronics by 275.0% in the third quarter. Verition Fund Management LLC now owns 60,000 shares of the semiconductor company’s stock valued at $1,333,000 after buying an additional 44,000 shares during the period. Whale Rock Capital Management LLC bought a new position in Applied Optoelectronics during the third quarter valued at approximately $14,646,000. Finally, Venator Capital Management Ltd. bought a new position in Applied Optoelectronics during the third quarter valued at approximately $3,204,000. Hedge funds and other institutional investors own 72.25% of the company’s stock.

Applied Optoelectronics (NASDAQ:AAOI) traded up 2.78% during trading on Tuesday, reaching $45.54. The company’s stock had a trading volume of 4,222,922 shares. The company has a 50 day moving average price of $49.85 and a 200-day moving average price of $32.57. The company has a market capitalization of $850.55 million, a PE ratio of 25.88 and a beta of 2.55. Applied Optoelectronics has a 52 week low of $8.08 and a 52 week high of $60.19.

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About Applied Optoelectronics

Applied Optoelectronics, Inc is a vertically integrated provider of fiber-optic networking products, primarily for networking end markets, such as Internet data center, cable television (CATV), fiber-to-the-home (FTTH) and telecommunications (telecom). The Company designs and manufactures a range of optical communications products at varying levels of integration, from components, subassemblies and modules to turnkey equipment.

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